weekly CALL UPDATE:
GOLD HIT all TGT 29360 MADE high OF 29585!!!
silver HIT all TGT 40660 MADE high OF 40842!!!
SELL SILVER @ 40000 SL 40500 TGT 39500-39300.
SELL GOLD
@ 29100 SL 29350 TGT 28900-28800.
Gold: Gold has entered into negative zone and traders can hold
short positions until Gold closes above 29514 levels. Traders
can initiate short positions on every rise until Gold Future closes
above 29514 levels. Gold price has completed the revisit of
channel breakout point on the daily chart . In addition, COMEX Gold price has sustained above
21 EMA on the daily frame. The momentum indicator MACD on the daily chart is in
positive crossover whereas daily RSI moved above 50. Therefore, we expect the
Gold price to move up towards 29550 levels
R2
|
R1
|
S1
|
S2
|
TREND
|
||
GOLD
|
29200
|
29100
|
29000
|
28900
|
Bearish
|
Silver: Silver has
entered into negative zone and traders can go short at every
rise or hold short positions until Silver closes above 40756
levels. Silver price has moved higher after taking support at
the horizontal line on a daily chart. Moreover, the price has sustained above
21 EMA on the daily frame after several trading sessions. The momentum
indicator MACD on the daily chart is in positive crossover whereas daily RSI
moved above 50. Therefore, we expect the Silver price to move up towards 41300
levels.
R2
|
R1
|
S1
|
S2
|
TREND
|
||
SILVER
|
40200
|
40000
|
39800
|
39500
|
Bearish
|
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